Fancesa to open bidding process for new plant, Bolivia

Bolivian cement producer Fancesa will put out its planned new cement works out to tender next year.

Mirko Gardilcic, Fancesa manager, said the new works will be a split-site plant with the clinker factory in the outskirts of Sucre while the grinding unit will be built near Santa Cruz de la Sierra. The new facilities will increase Fancesa’s current production capacity by 40 per cent.

The US$220m investment will be financed with accumulated funds to the tune of US$70m while the remainder will come from a future bond issue and a commercial credit line.